Proble 9-10A The intangible assets and goodwill reported by Ghani Corporation at December 31, 2014, followa $35,640 Copyrights Less: Accumulated amortization 17,820 17,820 Trademarks 52,370 6,510 $196,700 A copyright 1) was acquired on January 1, 2013, and has a useful life of four years. The trademarks were acquired on January 1, 2011, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journal entries annually. The followin cash transactions may have affected intangible assets and good during 2015 g Jan. 5 Paid $7,010 in legal costs to successfully defend the trademarks against infringement by another company, 900 in research and $52,200 in development costs with probable future benefits. The product is expected to have a Developed a new product, incurring eful life of 20 years. Sept. 1 Paid $61,540 to a popular hockey player to appear in commercials advertising the company's products. The commerciab wil air in early September Oct. 1 Acquired another copyright (m2) for si74,720.The new copyright has a useful life of four years. Dec. 31 Determined the recoverable amount of the goodwill to be s91,970. There was no indication that the copyrights or trademarks were impaired. Vour answer is partialy correct. Try again. Prepare journal entries to record the transactions. (credit account titles are automatically indented when the annount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Jan. emarks Cash ouly r Fesearch Expenses Cash To record research expense) July 1 Development Costs Activate Windows Go to Settings to activate Windows. To record development costs)